S&P Next Week Expected Move ($47.25) and Gravity Points
Neutral Call. I think the ' h-Pattern ' we have here will provide a nice bump in price but I think selling pressure will keep the market relatively rangebound especially during next week's shortened 4-day week.
Our Standard Deviation trend lines have been working quite well. I believe we have enough data to call them reliable.
I highlighted in a green circle what was a nice trade setup that I missed. Had a confluence of support there from the Gravity Point, Expected Move, and SD after the completion of a 5-wave move.
Best of luck next week gentlemen and have a nice Memorial Day weekend!
- RH
$SPY SPY $SPX SPX $ES! $ES1! ES1!
Our Standard Deviation trend lines have been working quite well. I believe we have enough data to call them reliable.
I highlighted in a green circle what was a nice trade setup that I missed. Had a confluence of support there from the Gravity Point, Expected Move, and SD after the completion of a 5-wave move.
Best of luck next week gentlemen and have a nice Memorial Day weekend!
- RH
$SPY SPY $SPX SPX $ES! $ES1! ES1!